Placement & EGP Loan Repayment
Released
Released
Announcement PDF
ASX Announcement | 23 April 2024
Placement & EGP Loan Repayment
Highlights
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Spectur has completed a placement to four existing shareholders to raise $250K at 2.0c
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Funds will be used to fully repay the remaining $250k debt outstanding to EGP Capital.
Investors are encouraged to lodge questions at the Spectur InvestorHub.
Tuesday 23 April 2024: Solar security, surveillance, warning, environmental monitoring and AI solutions
and platforms company Spectur Limited (ASX: SP3) (Spectur or the Company) is pleased to announce
the completion of a $250k placement to four existing shareholders (“Placement”). The funds raised will
be used to fully repay the Company’s debt facility with EGP Capital, which was otherwise due for
repayment on 31 December 2024.
Placement to Existing Shareholders
The Placement was negotiated with four existing shareholders. Key features of the placement are:
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The Placement Shares are priced at 2c per share, a small discount to last traded price.
The Placement was capped at $250k – the amount required to fully repay the EGP loan.
Placement funds are due on 10 May 2024, with the EGP loan to be repaid by 17 May 2024
The Placement was managed internally by Spectur, and no broker fees will be deducted from
the Placement funds.
Once Placement funds are received, the Placement will add 12.5m shares to the register,
bringing the total number of ordinary shares to 244.4m from 231.9m.
Executive commentary
Spectur Managing Director, Gerard Dyson, said:
“EGP Capital has been a long-term supporter of Spectur via this debt facility and through being a top 10
shareholder, and their support is greatly appreciated. We are pleased to fully repay this debt and move
forward with a substantially debt-free balance sheet.”
Ends.
This ASX release is authorised by the Board of Directors of Spectur Limited
For further information, please contact:
Spectur Limited
Gerard Dyson – Managing Director
p: +61 (08) 9414 9059
To stay up to date on company news and announcements, and ask questions, investors are encouraged
to subscribe at the Spectur InvestorHub.
About Spectur Limited
Spectur Limited (ASX:SP3) is an Australian-based developer and manufacturer of security, surveillance,
warning, environmental monitoring and AI solutions and platforms, powered by solar, IoT [Internet of
Things], camera and cloud-based technology. The Company owns the rights to its innovative hardware
and disruptive cloud-based systems which are deployed to provide solutions to industries including
government and utilities, and the building, construction and civil sector.
Spectur’s core products are solar-powered warning, deterrence, surveillance, environmental
monitoring and AI systems and associated cloud-based platforms. These systems incorporate cameras,
lighting, audible warnings and a hardware IoT platform, remotely accessed and connected via 3G/4G
or satellite technology to a cloud-based platform.
Spectur has nearly 40 employees across Australia and New Zealand, with offices in Brisbane, Sydney,
Melbourne, Adelaide, Perth and Auckland. The company services more than 600 active customers with
close to 3,000 camera systems currently deployed.
The Company design, codes, manufactures, sells, installs and maintains our hardware and software
technology – providing a single point of contact able to configure to suit customer needs.
To learn more, please visit: www.spectur.com.au
Forward-Looking Information:
This announcement contains forward-looking information that is based on Spectur’s expectations,
estimates and projections as of the date on which the statements were made. This forward-looking
information includes, among other things, statements with respect to Spectur’s business strategy,
plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and
expectations, negotiations, and product/service development. Generally, this forward-looking
information can be identified using terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’,
‘potential’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’,
‘scheduled’, ‘will’, ‘plan’, ‘forecast’, ‘evolve’ and similar expressions. Persons reading this
announcement are cautioned that such statements are only predictions, and that Spectur’s actual
future results or performance may be materially different. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause Spectur’s actual results,
level of activity, performance or achievements to be materially different from those expressed or
implied by such forward-looking information.
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